U.S. storage stocks fell, Micron's market value fell below US$1 trillion, and Chinese assets exploded late at night
On the evening of July 16, Beijing time, the three major U.S. stock indexes fell across the board. As of 22:00, the Nasdaq fell nearly 1%. The memory chip sector led the decline, with the Philadelphia Semiconductor Index falling by more than 3%, UMC and SanDisk falling by nearly 10%, SK Hynix falling by nearly 9%, Seagate Technology and Western Digital falling by nearly 7%. Micron Technology fell more than 5%, and its total market value has fallen below US$1 trillion. Chinese assets surged, with the Nasdaq China Golden Dragon Index rising nearly 2%, leading the gains in the U.S. stock sector.
On the evening of July 16, Beijing time, the three major U.S. stock indexes fell across the board. As of 22:00, the Nasdaq fell nearly 1%. The memory chip sector led the decline, with the Philadelphia Semiconductor Index falling by more than 3%, UMC and SanDisk falling by nearly 10%, SK Hynix falling by nearly 9%, Seagate Technology and Western Digital falling by nearly 7%. Micron Technology fell more than 5%, and its total market value has fallen below US$1 trillion. Chinese assets surged, with the Nasdaq China Golden Dragon Index rising nearly 2%, leading the gains in the U.S. stock sector. Tencent Music rose more than 5%, Baidu, Mavericks Electric, and Xpeng Motors rose more than 4%, and Pinduoduo, JD.com, Li Auto, Kingsoft Cloud, etc. rose more than 2%. International oil prices rose, with Brent crude oil exceeding US$85/barrel and New York crude oil once touching US$80/barrel. (